First Financial Corp IN Sells 888 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

First Financial Corp IN cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,584 shares of the company’s stock after selling 888 shares during the period. First Financial Corp IN’s holdings in Mondelez International were worth $881,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Bogart Wealth LLC boosted its stake in Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new position in Mondelez International during the 4th quarter valued at about $26,000. HHM Wealth Advisors LLC purchased a new stake in Mondelez International in the fourth quarter valued at about $29,000. Transcendent Capital Group LLC acquired a new stake in Mondelez International in the fourth quarter worth about $34,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Mondelez International during the third quarter worth about $35,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Down 1.1 %

NASDAQ MDLZ traded down $0.72 during trading hours on Wednesday, hitting $67.13. 1,738,263 shares of the company were exchanged, compared to its average volume of 7,290,782. The company has a 50 day moving average of $68.95 and a two-hundred day moving average of $70.91. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The firm has a market cap of $90.05 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.60 and a beta of 0.54. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. Mondelez International’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.53%. Mondelez International’s dividend payout ratio (DPR) is 53.97%.

Analysts Set New Price Targets

MDLZ has been the subject of a number of recent research reports. Barclays reduced their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Wells Fargo & Company lowered their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th. Sanford C. Bernstein lifted their price target on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Citigroup dropped their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.22.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.